The Financial Planning and Strategies of Firms within the Hotel Essay

The Financial Planning and Strategies of Firms within the Hotel Industry in the U.S - Essay Example The report focused on the forecasts that the industry makes as strategies of growth. This also touched on the business trends exhibited within the sector. The report merged the trends’ comparison with the other industries’ business trends over the past years. Analysis of industrial forecast and a business trend has acted as a measure of market competition among the firms within the global economics. Other analysis within the report included industrial financial scenario. In this analysis, the report undertakes to shed light on the financial management state of the firms and or companies within the hotel industry. From the analysis, it would be possible to provide an overview of the likely context of the industry in the face of scorching global financial recession. Finally, the report gives a broad analysis of the pricing system of the industry’s products and services. Here the analysis included the pricing policies, considerations, and standards. Like any other r esearch report, this report of the research conducted on the operational context of the hotel industry seeks to bring to the knowledge of the policy and decision makers in the hospitality sector, the operational reality on the grounds for allied companies and or firms within the industry. The insights from this report seek to provide a platform for informing decision and policy-making within the hospitality industry with special focus on the hotel and hoteliers in the U.S. It shall also serve to assist as a point reference for planners in the hospitality sector who focus on the strategic planning for the hotels. Planners in the hotel industry, therefore, shall feel enlightened in their endeavors amid likelihood of stiff competition with other industries in the global market.